DASH/USD and LTC/USD Technical Analysis November 3 2017

[embedded content]DASH/USDDASH continues to be volatile, as we have been drifting lower overall. However, it is a very slow descent, so I think that it’s only a matter of time before the buyers get involved and push this market to the upside. The $300 level above is massive resistance, and if we can break above there, then it becomes a massive “buy-and-hold” situation. The market should then

Ripple Price Technical Analysis – XRP/USD’s Bounce is Real?

Key HighlightsRipple price bounced sharply after testing the $0.1800 handle against the US Dollar.There was a break above a bearish trend line at $0.1940 on the hourly chart of the XRP/USD pair (data source from Kraken).The price traded towards $0.2200 before running into strong sell offers.Ripple price recovered well intraday against the US Dollar and Bitcoin. XRP/USD is back above $0.1950, but s

Music Festival Organisers in India Surprised by 1% of Total Sales in Bitcoin

Featured Even while multiple news outlets report India’s government readying to close cryptocurrency exchanges, its population continues to make steady progress in adopting bitcoin.  Also read: As India’s Government Wars Against Cash, Bitcoin is Sought in ExchangeIndian Government Panel to Curb CryptosSeveral online regional news outlet

KICKICO is burning more than 40 million of its tokens

The platform for fundraising and crowd-investing KICKICO, after having successfully raised more than $25 million dollars this past September, is going to destroy millions of tokens. After this campaign and limited emission (458 million tokens instead of the 750 million planned), there will be 50% less KickCoins on the market than what was expected.According to the KICKICO white paper, the unsold a

BTC/USD and BTC/JPY Technical Analysis November 3 2017

[embedded content]BTC/USDBitcoin rallied a bit after initially dropping on Thursday, showing signs of continuing the explosive move higher, as we have now exited the up-trending channel and look to be a bit overbought. I think that short-term pullback should continue to be buying opportunities, as the $6800 level should offer support. I would love to see some type a pullback though, in order to pi


Bitcoin May Change it All: Brief History of Interest, Inflation

Interest is a subject with a very chequered history that today works hand-in-hand with inflation to control the world’s major economies. The story of interest is as old as that of money, but recently digital currencies have begun to add a major wrinkle.Once humans had invented currency to facilitate trade it became a common view that money effectively replaced the animals and cereal seeds for wh


Vietnam Bans Bitcoin Payments, Global Markets Unfazed

Four days have passed since the State Bank of Vietnam had announced that cryptocurrencies are illegal means of payment in the country. Prime Minister Nguyen Xuan Phuc, the official who shut down Bitcoin payments, has achieved his goal of building the new legal framework for cryptocurrencies in Vietnam. His solution? Ban all cryptocurrencies.Following Indonesia, Vietnam is the second country that o

Ethereum Price Technical Analysis – ETH/USD’s Recoveries Capped

Key HighlightsETH price declined recently and broke the $280 support against the US Dollar to trade as low as $274.84.Yesterday’s highlighted major bearish trend line with current resistance at $290.50 is intact on the hourly chart of ETH/USD (data feed via SimpleFX).The price is moving higher, but most likely to find sellers near the $290.50-291.00 levels.Ethereum price remains in the bearish z


Allianz Economic Advisor: “Bitcoins Aren’t There Yet”

The Chief Economic Advisor of Allianz has declared Bitcoin to be a commodity, rather than a currency. For him, the lack of assured value prohibits it from being considered alongside the likes of the euro, dollar, or pound. However, his language suggests that this may not always be the case. Speaking to CNBC during the Barclays Asia Forum in Singapore Thursday, Mohamed El-Erian said:A cur

Bitcoin Cash Price Technical Analysis – BCH/USD Poised to Break $600

Key PointsBitcoin cash price is surging higher and recently moved above the $560 resistance against the US Dollar.There is a major bullish trend line forming with support at $560 on the hourly chart of BCH/USD (data feed from Kraken).The price might continue to move higher and will most likely break the $600 level.Bitcoin cash price extended gains above the $550 level against the US Dollar. BCH/US